Thursday, March 12, 2009

Bush vs. Obama in the Delusional Math Olympics

Of course [the administration's economic forecasts are] too optimistic. In fact, the word optimistic is too optimistic. A better choice might have been "insane"....Having defended Obama's candidacy largely on his economic team, I'm having serious buyer's remorse. Geithner, who is rapidly starting to look like the weakest link, is rattling around by himself in Treasury. Meanwhile, the administration is clearly prioritized a stimulus package that will not work without fixing the banks over, um, fixing the banking system....But [Obama] has now raced passed Bush in the Delusional Budget Math olympics.